PYMNTS-MonitorEdge-May-2024

FinTech

Financial technology, often shortened to fintech, is the technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. It is an emerging industry that uses technology to improve activities in finance.

India Cracks Down on ‘Sketchy’ FinTech KYC Rules
India Cracks Down on ‘Sketchy’ FinTech KYC Rules
February 22, 2024  |  Regulation

India’s banking regulator has made some high-profile enforcement moves in recent weeks. Last month, the Reserve Bank of India (RBI) ordered Paytm Payments Bank to...

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Databricks Doubles Down on Data to Bring AI to Fortune 500
Databricks Doubles Down on Data to Bring AI to Fortune 500
February 22, 2024  |  artificial intelligence

For all its technological complexity, artificial intelligence (AI) rests on one very simple foundation: data. And it’s here that Databricks has put a stake in...

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Acting Comptroller Michael Hsu Says Bank-FinTech Partnerships Complicate Risk Monitoring
Acting Comptroller Michael Hsu Says Bank-FinTech Partnerships Complicate Risk Monitoring
February 21, 2024  |  Partnerships

Michael Hsu, the acting comptroller of the currency, emphasized the importance of banks actively managing risks associated with their relationships with FinTech companies.  During a...

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Green Dot Partners With Dayforce for On-Demand Wage Access
Green Dot Partners With Dayforce for On-Demand Wage Access
February 21, 2024  |  Partnerships

Digital bank and FinTech firm Green Dot has announced a partnership with Dayforce to power its on-demand pay solution Dayforce Wallet. This collaboration will allow Green Dot to serve...

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Kani Payments and Pismo Partner on Data Reconciliation, Reporting Platform
Kani Payments and Pismo Partner on Data Reconciliation, Reporting Platform
February 21, 2024  |  Partnerships

Kani Payments, a global data reconciliation and reporting platform, has formed a strategic partnership with Pismo, an issuer processing and core banking platform. This partnership extends...

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BankiFi Partners With Praetura to Expand Small Business Funding Access in UK
BankiFi Partners With Praetura to Expand Small Business Funding Access in UK
February 21, 2024  |  SMBs

FinTech BankiFi has partnered with financier Praetura to develop a lending-as-a-service solution for small to medium-sized enterprises (SMEs) in the U.K. The platform is specifically designed to help...

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BVNK Gets Electronic Money License to Expand Operations and Customer Support
BVNK Gets Electronic Money License to Expand Operations and Customer Support
February 21, 2024  |  B2B Payments

B2B payments platform BVNK announced that its electronic money institution (EMI) license is now live in Europe. The move is expected to enhance the company’s...

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Germany’s Financial Regulator BaFin Set to Relax Crackdown on FinTechs
Germany’s Financial Regulator BaFin Set to Relax Crackdown on FinTechs
February 21, 2024  |  Regulation

Germany’s financial regulator, BaFin, is reportedly set to relax its crackdown on FinTechs. The move comes after several firms improved their controls, BaFin Executive Director...

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Prizeout Launches Cash-Back Products for Credit Unions
Prizeout Launches Cash-Back Products for Credit Unions
February 21, 2024  |  Gift Cards

Prizeout has introduced a new white-label solution that enables credit unions to offer their members a suite of cash-back products. The new CashBack+ helps credit...

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